BRENT AND WTI Crude Oil Commodity Research..!

by Karvy Commodity Research Desk T here are about 160 crude oils that are traded internationally. They vary in terms of their characteristics & quality. Majorly two crude oils West Texas Intermediate (WTI) and Brent are those whose prices are reflected in other types of c…

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CIBIL & TransUnion launch ‘CIBIL TransUnion Score 2.0’

CIBIL {Credit Information Bureau (India) Limited} and TransUnion recently announced the launch of the latest version of the credit score - CIBIL TransUnion Score 2.0. This new scoring model has been developed keeping in mind the changes seen in the borrowing behavior of con…

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Women use credits cleverly cards: RBI survey

India's banking  requlator  RBI (Reserve Bank of India) in a survey, has found that women use their debit cards less frequently. They use credit cards for shopping to avail themselves of the  45-day credit period. The use of cards for shopping was more among the youth…

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Guarseed: Salient Contract Specifications..!

Symbol GUARSEED Quotation /BaseValue Rs.per 100kg Trading Unit 1MT Delivery Unit 1MT(with tolerance limit of+/-2%) Price Quote Ex-warehouse Jodhpur, inclusiveofsalestax/VAT Tick Size Re.1 DDR Simple Average of last 3 days spot price Daily PriceLimit (+/-)3%+(+/-)1%) Initial Margin Minimum…

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Credit Cards : What is Minimum Due Amount?.

** Credit card issuers allow users to pay a minimum due, which is typically a fraction of the total amount due. Paying this converts the credit card to a loan facility at a high rate of interest. ** The balance can be repaid in smaller instalments over a period of time. The us…

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Banking Ombudsmen in India : List of Addresses

Many times you want to complaint against your bank to some higher officials. For that, India's Central bank  RBI (Reserve Bank Of India) has arranged banking ombudsmen in India. Any one can obtain the list from the official website of RBI at http://www.rbi.org.in/commo…

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What are the precautions one should take before enrolling in a chit?

Question: What are the precautions one should take before enrolling in a chit? Answer     Ensure that the Company, is a genuine one and the Chit group is   registered one. You ha…

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IDBI Bank : Magic Card for salary account holders

IDBI Bank, which had earlier waived all charges for its account holders, has now launched a debit-cum-credit card named 'Magic Card', which can be obtained only by its salary account holders. Essentially a debit card, it functions as an overdraft facility, allowing…

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FMC: Norms to protect retail investors against broker defaults

Norms to protect retail investors against broker defaults will soon be put in place by FMC (Forward Markets Commission), the regulator of commodity futures trading on five national and 16 regional stock exchanges . The moot point at a review meeting between FMC and  5 comm…

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